Page 8 - Markets

Varun Beverages surges 5%, nears record high on strong growth outlook

The beverages' sector presents significant growth opportunities in the future, driven by deeper penetration into rural markets, an expanding demographic profile, and a growing middle-class population

Maruti Suzuki gains 2% after promoter buys 3.45 lakh shares via open market

ICICI Securities said this is sentimentally positive for the company and a confidence boosting measure

Divgi TorqTransfer stock rise; Global Surfaces offer gets fully subscribed

The IPO of Global Surfaces garnered full subscription on Tuesday, a day before its close

All Adani stocks end in red amid weakness in market, 6 hit lower limit

Overall, the ports-to-power conglomerate's market value fell by Rs 44,296 crore to Rs 8.93 trillion

No breather for stock markets as US bank crisis weighs on sentiment

Sensex, Nifty fall for 4th day to hit fresh five-month lows

Nifty Pharma index hits 2-year low; Cipla, Divis, Laurus Labs at 52-wk lows

Analysts said the pace of US FDA inspections has again picked-up in the last few months post Covid, and they have seen increased incidents with 483 observations and adverse outcomes

SVB crisis: How the ripples of the bank's plunge reached foreign shores

Silicon Valley Bank crisis: How has the bank's failure affected other banks and their stocks worldwide? Read more to find out

Bajaj Finance declines for fifth straight session, sheds 6% in one week

In the past six months, the stock has plunged 23 per cent as compared to a 3.4 per cent fall recorded by the Sensex

Divgi TorqTransfer erases listing gains; slides 5% below issue price on NSE

The stock was listed with a 5 per cent premuim at Rs 620 on the NSE. This was over its issue price of Rs 590 per share

Nippon India Multi Cap Fund delivered a healthy return under CIO S R Bhan

Nippon India Multi Cap Fund delivered a double-digit return even as the broader markets struggled to stay in positive territory

Sebi relief for large registrars on enhanced reporting requirements

Markets regulator Sebi on Monday provided relaxation of 60 days to large Registrars to an issue/ Share Transfer Agents (RTAs) from complying with the enhanced requirements pertaining to periodic reporting. Under the rules, QRTAs or qualified RTAs are required to comply with enhanced responsibilities through adoption and implementation of an internal policy framework and periodic reporting requirements. In a circular, Sebi clarified that an RTA would be categorised as QRTA if at any time during a financial year, the combined number of physical and demat folios being serviced by the RTA for listed companies exceeds 2 crore. In case of the categorisation as a QRTA, an intimation needs to be sent by the RTA within five working days to Sebi. Further, it said that an RTA will be considered as a QRTA from the date of categorisation as a QRTA and will be considered as such for the next 3 financial years, irrespective of subsequent fall in number of folios and will be liable to comply with

Real estate market's hall of mirrors no fun house, but mood upbeat

Despite multi-year low valuations, brokerages see rise in demand and fall in inventory

Market turmoil leaves investors poorer by more than Rs 4.4 trillion

Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points. Reflecting the massive sell-off across sectors, the total market valuation of BSE-listed companies stood at Rs 2,58,56,295.60, leaving investors poorer by Rs 4,43,023.89 compared to the closing level on Friday. The total market valuation was at Rs 2,62,99,319.49 at the end of trading on Friday, when the key index had crashed more than 670 points. Out of the 3,757 stocks that traded on the BSE, as many as 2,915 closed in the red while 695 managed gains. A total of 219 stocks touched their 52-week low while 75 reached

4 Adani group stocks locked in 5% upper circuits in weak market

Adani Group said it has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of 31 March 2023

YES Bank tanks 13% intra-day as 3-year shareholder lock-in period ends

Analysts at ICICI Securities believe near term risk include decision to write-down AT-1 bonds being challenged in court, which is currently stayed and supply overhang post expiry of stock lock-in

Nazara Tech's 2 subsidiaries hold Rs 64 cr in SVB; stock hits record low

The balances held at SVB by Kiddopia Inc. and Mediawrkz Inc cumulatively account for $7.75 million.

Global Surfaces IPO opens today: GMP, subscription status, all details here

Global Surfaces IPO subscription status: According to BSE, as of 10:40 AM on Monday, the issue has been subscribed 0.04 times

Sona Comstar slumps 6% after 20% equity changes hands via block deal

At 09:15 am; nearly 118.76 million equity shares representing 20.3 per cent of total equity of Sona Comstar had changed hands on the BSE, the exchange data shows

Indian markets won't enter bear territory anytime soon: Nischal Maheshwari

Profit margins for Indian companies are likely to improve as input costs have stabilised since last year, says Nischal Maheshwari, CEO of institutional equities at Centrum Broking

Eight of top-10 firms lose Rs 1.03 trn in market-cap; RIL, ICICI hit hard

Eight of the top 10 valued firms faced a combined erosion of Rs 1,03,732.39 crore in market valuation last week, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak trend in equities. During the holiday-shortened week, the 30-share BSE Sensex declined 673.84 points or 1.12 per cent amid concerns over the quantum of the next interest rate hike by the US Federal Reserve. Barring Bharti Airtel and ITC, eight firms suffered erosion from their market capitalisation (mcap). The market valuation of Reliance Industries plummeted by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top 10 firms. The mcap of ICICI Bank tumbled Rs 18,134.73 to Rs 5,88,379.98 crore. The valuation of HDFC Bank tanked by Rs 15,007.38 to Rs 8,86,300.20 crore, and that of State Bank of India eroded by Rs 12,360.59 to Rs 4,88,399.39 crore. HDFC's market valuation diminished by Rs 6,893.18 crore to Rs 4,77,524.24 crore. Tata Consultancy Services' (TCS) valuation slump